Reliance denies plans to enter retail business Tuesday, June 21 2005 21:05 Hrs (IST) - World Time -
New Delhi :
Reliance Industries Limited (RIL), headed by Mukesh Ambani, tonight (Jun 21, 2005) denied it had any plan to enter consumer retail business.
"Reliance strongly denies any such plans," a RIL spokesperson told PTI in response to queries whether the company had plans to invest upto Rs 30,000 crore to set up a retail chain across the company and if work had started on the project.